About 415 people celebrated innovation and the people who create it at the Business Journal’s inaugural Innovator of the Year awards today at the Hotel Irvine.

Keynote speaker and Vizio Inc. founder William Wang told tales of two of his early entrepreneurship efforts—one that launched his career as a technology innovator and one that brought him back to earth.

Wang said his initial success and subsequent misstep together taught him “to do right by consumers” and that “technical savvy isn’t enough” to make a successful company and career. He said the lessons from both have helped him grow Vizio into the leading seller of smart TVs in the U.S.